We are in the process of renovating an IP in Newcastle an old fibro which is a bit rough on the outside and needs a lot of prep before painting. We have renovated a couple of houses previously and are aware of the work involved in prep and painting and are considering cladding. We have had a quote which came in at $13000.
It is a fair bit of money considering if we painted we would do it ourselves.
Our question is will it add a considerable amount of value on the property as opposed to painting? therefore be worth it.
We are also slightly "time poor" on this reno.
any feedback would be appreciatedHi ccpat,
I'd say it depends on the market. Can you get away with just painting it? Will the market pay more than $13000 for cladding over painted fibro.
I painted a fibro and honestly it wasn't too bad. I think the trick is picking a nice colour. I got my dad to pressure wash the entire outside, then I painted the fibro.
I'd put a picture up – but it's pretty much beyond me!
Cheers
D
DWolfe | www.homestagers.com.au
http://www.homestagers.com.au
Email MeOnly consider cladding or rendering if you are going to sell. It does add value but only in certain areas. Best to get some advice from a few RE agents. If you are time poor, get them to come over and give you a quick quote. Also depends on the plans for the future, i.e. if you are looking to knock down and develop the property.
TheFinanceShop | Elite Property Finance
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thanks for your feed back guys,
the reason for wanting to know the value difference between cladding or painting is because we are looking to get a valuation done after reno and if we get a decent valuation hopefully some instant equity that we can redraw on to buy next IP.
We plan to keep the house and rent it out… price we paid for property was was 252k owe the bank 220K. . I sort of thought valuers would go painted fibro is worth X whilst cladded is worth YCheers
ccpatI agree with asking a realestate agent or two for a valuation, and ask them to comment on the likely value of cladding versus painted. Your property is a little business that must make a profit. It's not a pet project to play with and make look pretty at a loss. Numbers, it's about the numbers.
Jacqui Middleton | Middleton Buyers Advocates
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Email Me | Phone MeVIC Buyers' Agents for investors, home buyers & SMSFs.
Hi ccpat
I've cladded quite a few houses myself. Cladding can conceal a world of eyesores, including rot, badly out of level walls, and other forms of deteriorisation. I would assume that valuers (and cluey purchasers) would keep this in mind when appraising a property. The quality of workmanship in the cladding industry can vary widely between individual tradesmen. The larger cladding companies generally have a high employee turnover rate, due to paying poor wages. Therefore, they have to train and employ inexperienced tradespeople. If you do engage a large company, try to inspect the work of the specific trades personnel assigned to your project. I've actually worked for "Forever Boards" in Newcastle. They are an honest and well managed company.
Hi. I am new to site and investing but an old hand in construction. To consider: If you clad you will need to paint any way, and then re paint at some stage depending on quality of first paint job. Or you can clad in a PVC product. PVC advantages are it never needs painting, you dont need to touch the fibro (could be asbestos), pressure cleans well, is insulated. Cost is around $85/m2, get 2 or 3 quotes. Disadvantage is, looks like PVC cladding, ie a little fake, better than fibro though. Hope it helps. ps: I do not sell the stuff.
thanks for your suggestions guys
have rung a few RE and asked for their opinions, the consensus was it doesn't make too greater a difference value wise only about 5k to 10k although cladded seems to help on sales day
Cheers
ccpat
Talking to Real Estate agents is a great idea – they are constantly selling houses in the area so they know what sells and what doesn't. Good luck!
Regards
Shahin
TheFinanceShop | Elite Property Finance
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Email Me | Phone MeResidential and Commercial Brokerage
Is the fibro asbestos . You may have added costs of getting it removed if it is asbestos
Does anyone know if blueboard can be fixed straight over the top of the fibre cement and then rendered over? Has anyone had this done before? I've had asbestos wall sheets removed from a back bungalow and then blueboard installed and rendered, but chose to remove the asbestos as I didn't like the idea of having any asbestos. Would cladding over add too much weight for the stud walls, as blueboards are 8mm thick I think (thicker and heavier than standard fibre cement sheets)?
Also, has anyone had any experiences removing fibro or weatherboard and then installing styrofoam and rendering over? I guess it would be cheaper than blueboard but what are its disadvantages compared to blueboard? I imagine it would not be as solid as blueboard?
Cheers
Ken
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